The seasonally adjusted annual rate of construction spending for February 2017 was estimated at $1,192.8 billion, per the latest report from the U.S. Census Bureau. This is the highest it has been since April 2006 when the annual rate was at $1,192.8 billion.
This is 0.8% above January’s estimate which was revised up from $1,180.3 billion to $1,183.8 billion. December’s estimate was revised down from $1,191.5 billion to 1,188.9 billion. February’s estimate is 3.0% higher than a year ago with construction spending at 1,157.7 billion in February 2016.
